- Citibank India
-
Citibank India 
Type Subsidiary of Citigroup Inc Industry Finance Founded 1902 Key people Pramit Jhaveri
(Citi Country Officer, India)
Anand Selva
Country Business Manager, Global Consumer Group, Citi IndiaProducts Credit Cards, Loans, Investments, Insurance and NRI Banking Website www.citibank.com/india Contents
History
Established 109 years ago in Kolkata, Citibank has a long history in India. Currently it is the largest foreign direct investor in financial services in India with a total capital commitment of approximately US$ 4 Billion in its onshore banking and financial services business and its principal and alternate investment programs.
It operates 42 full-service Citibank branches in 30 cities and over 700 ATMs across the country.
Citibank is an employer of choice to about 7,500 people.
Products and services
Citi offers consumers and institutions a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.
Citi's franchise in India includes businesses such as equity brokerage, equities distribution, private banking (Citi Private Bank) and alternate investments and private equity (CVCI).
Awards won in 2010-2011
- FinanceAsia Country Achievement Awards 2011 - Best Foreign Investment Bank (for the 5th consecutive year)
- The Asset Triple A Country Awards 2010 - Best Foreign Investment Bank (for the 7th year in a row)
- Euromoney Awards For Excellence 2010 - Best Investment Bank
- IFR Asia Awards 2010 - Best India Equity House
- Brand Equity Most Trusted Brands Survey 2010 - Most Trusted Foreign Bank
- Global Finance World's Best Internet Banks in Asia 2010 - Best Consumer Internet Bank
- Best Consumer Internet Bank in India by Globalfinance in year 2009 and 2010.[1]
- Excellence in Internet Banking for the year 2009 in The Asian Banker Excellence in Retail Financial Services Awards Programme.[2]
Corporate Social Responsibility
The Corporate Citizenship function is the umbrella entity for all Corporate Social Responsibility activities undertaken by Citi India. The program is based on four key pillars – Grants made by Citi Foundation; Employee Engagement with Communities; Local sponsorships; and supporting Arts and Culture.
Citi Foundation, the global philanthropic arm of Citigroup, began its grant giving in India in 1999 to support economically disadvantaged families by way of enterprise development, youth education and livelihoods, financial capability and asset building, and microfinance.
- In 2004, the Citi Micro Entrepreneur Award was instituted to recognize and honor exemplary micro entrepreneurs who have overcome economic and social challenges to successfully build self-sustaining microenterprises. http://www.microentawards.in
- In 2004, the Citi Foundation provided core funding to set up the Indian School of Microfinance for Women (ISMW) in Ahmedabad. The Citi Center for Financial Literacy focuses on conducting financial literacy awareness campaigns for grassroots women borrowers and training programs for NGO/MFI staff and field workers. http://www.ismw.org.in
- In 2007, Citi extended support to Meljol, an innovative program that brings financial education to schools across Maharashtra, Kerala Assam, Rajasthan, Orissa and Jharkhand.
- In 2011, Citi partnered with the American India Foundation to support a project that will enable AIF to add financial education to its successful Market Aligned Skills Training (MAST) program and provide unemployed youth with the skills needed to secure service-sector jobs. http://www.aif.org/mast.html
Citi provides its employees regular opportunities to get directly involved with local communities and issues. Citi’s Payroll giving Program in partnership with United Way Mumbai, enables employees across the country to make regular donations to their ‘cause’ of choice. The annual Global Community Day celebrates the spirit of community work as employees across the country volunteer with local NGOs. Earth Week, celebrated in April, engages employees with issues in environment and conservation. Citi supports employees who would like to take up the Teach for India Fellowship Program.
Citi sponsors and provides charitable donations in cash and kind to small not for profit organizations and specific causes, on a need basis. Several of these causes are those that individual employees pursue in their personal capacity and Citi supports their commitment and passion.
Through Citi Cares, a Computer Contribution Program, Citi refurbishes its old computers and donates them to NGOs across the country. These machines provided are in excellent working condition and accompanied by the necessary peripherals.
Citi has been a strong supporter of the Arts for the past twenty years. It promotes Indian and Western art, culture and heritage through various sponsorships such as the Mumbai Sanskruti Festival and the Citi-NCPA partnership. Citi also supports underprivileged musicians through the Citi NCPA Guru Shishya Scholarship Program
References
- ^ "Global Finance Magazine". Gfmag.com. 2010-07-26. http://www.gfmag.com/tools/best-banks/10496-worlds-best-internet-banks-in-asia-2010.html. Retrieved 2011-01-25.
- ^ Posted: Thursday, Apr 01, 2010 at 1337 hrs IST (2010-04-01). "Citibank India wins ‘Excellence in Internet Banking’ award for year 2009". Financialexpress.com. http://www.financialexpress.com/news/citibank-india-wins-excellence-in-internet-banking-award-for-year-2009/598703/. Retrieved 2011-01-25.
External links
Categories:- Financial services companies of India
- Banks of India
- Companies based in Mumbai
Wikimedia Foundation. 2010.
